I saw this offer today and found it a bit confusing. How does Verizon Edge work? Is it a good deal? I will qualify for an upgrade in 2 months or so (I'm on a two year contract), but it would be nice to upgrade sooner (without paying full price for the new phone of course).

Verizon Edge is a program that lets you pay for your phone over 24 months rather than paying for it all upfront. You only need to pay the first month’s installment at the time of purchase. You’ll then make a monthly payment until your phone is paid off completely.

After six months, if you’ve paid for at least 50% of the phone, you’ll have the option to Edge Up to a new one without any upgrade fees.

If I am paying for a phone over 24 months, it will take 12 months to pay 50%, not 6 months.

You have the ability to upgrade as early as 6 months, so at the time of doing the edge up you would have to pay off the remaining to have paid 50% and then you can.

My personal opinion about this and what tmobile and every is doing. This is a great program if you 1)go through phones more than the 2 year contract 2) stay with the trend of technology and want to stay up to date with it (such as the galaxy line and the iphones)

I'm doing it because I know in less than a year a new galaxy will be out and I'd like the chance to get it without being in a 2 yr contract.

According to Ann154 you are paying full price with Verizon Edge. If that's the case, I would have to conclude that it is not a good deal. I tend to keep my phones for two years or so, and then take advantage of a discounted upgrade. I might get new phones more frequently if I didn't have to pay full price.

The Edge program is basically a lease/car loan program. You continually pay monthly installments on the device until it is paid off in 24 months or trade it for a new one once 50% or half of the retail price is paid off and you start paying the monthly installments for the new device.

For example a phone (device A) is $600, At six months or a year you have to have paid $300 towards the phone. Then you trade in "device A" for a new phone (device B) and start paying the installment payments for device B. The cycle repeats every six months to a year depending on how often you want to switch between phones.

You also have to remember that the phone you trade in has to be in good condition according to Verizon Wireless. Your interpretation of good condition might be very different from Verizon Wireless.